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economy but it could bolster the view that the economy is gaining traction and could affect policymakers decisions on whether or not to scale back their asset purchases. from the fed's 12 districts, early october to mid november, that includes the 16-day government shutdown. economic activity continued to expand at a modest to moderate pace. manufacturing activity continues to expand in most districts. reports on retail spending were deeper into the beige book, seven out of 12 strips reported modest growth. tourism is affected in some districts. on manufacturing, the report says it continues to expanded most districts with gains noted in motor vehicle and technology industries. many expressed optimism about near-term growth prospects. there is also an upbeat assessment of consumer spending. looking forward to the holiday season, retailers reported being hopeful and cautious. they were reported as moderate to strong. on the key question, what is going on in the labor market? the beige book reports hiring showed a modest increase. difficulty with qualified workers for high skilled --itions
economy but it could bolster the view that the economy is gaining traction and could affect policymakers decisions on whether or not to scale back their asset purchases. from the fed's 12 districts, early october to mid november, that includes the 16-day government shutdown. economic activity continued to expand at a modest to moderate pace. manufacturing activity continues to expand in most districts. reports on retail spending were deeper into the beige book, seven out of 12 strips reported...
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Dec 4, 2013
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the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full wrap up on his program as well. >>> in the meantime, what a story. his wife as blujenned to death in the home right in front of his three-year-old son. and he was made the only suspect in the case. he was convicted and sentenced to a life in prison. here is the worst part. he did not do it. dna evidence exonerated him. and he and his attorney is going to join me live to talk about this, coming up next. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know,
the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full...
SFGTV: San Francisco Government Television
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Dec 7, 2013
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as you can see by the people woergz to put san franciscans to work re51st our economy and causing us to have a much letters impact on the assignment are this is 1345r9 environmently and a smart investment in san francisco and our ability to grow our workforce, grow a our skill set, and create a better former for all of us >> thanks scombren then awe. i want to bring up one of the homeownership's that's existed to start the program i want to velocity josephine >> good afternoon, everyone. thank you for being here i'm josephine i'm a member of the small property owns in san francisco and help with the tradition services to the growing chinese folks i'm a homeownership and have been there will 5 years. there or for any homeownership it's the costs that have to be weighed when you ugd. you want to make sure that your personal financial situation works and i don't have to carry a huge debt and burden. right now there are a lot of barriers that exist to make rerespectable energy up grads to our homes. there are up front costs that stop the upgrades and that's why when i and small property
as you can see by the people woergz to put san franciscans to work re51st our economy and causing us to have a much letters impact on the assignment are this is 1345r9 environmently and a smart investment in san francisco and our ability to grow our workforce, grow a our skill set, and create a better former for all of us >> thanks scombren then awe. i want to bring up one of the homeownership's that's existed to start the program i want to velocity josephine >> good afternoon,...
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Dec 9, 2013
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if kweupbsz -- republicans insisted on short-term cuts that laid off teachers, firefighters, the economy would be growing even faster than it is today. mr. president, the presiding officer knows, we all know that we need an infrastructure program. for every $1 billion we spend as a government on infrastructure, roads, bridges, dams, highways, water systems, sewer systems, we create almost 50 thousand high-paying jobs. despite last week's good economic news, congress can and must do even more to create jobs for millions of americans who are still looking for work. unemployment compensation. mr. president, we need these extended benefits. there's 1.5 million people in america who have been out of work for more than 26 weeks. we must replace meat-ax cuts. this happened with the sequestration, a smart savings. reducing the deficit by closing wasteful tax loopholes and making job-creating investments to spur economic growth. as we close out this year, i hope republicans and democrats can put aside our differences and work together to produce results for the middle class. mr. president, the pr
if kweupbsz -- republicans insisted on short-term cuts that laid off teachers, firefighters, the economy would be growing even faster than it is today. mr. president, the presiding officer knows, we all know that we need an infrastructure program. for every $1 billion we spend as a government on infrastructure, roads, bridges, dams, highways, water systems, sewer systems, we create almost 50 thousand high-paying jobs. despite last week's good economic news, congress can and must do even more to...
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Dec 2, 2013
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but when we talk about an open economy, a bottom-up economy, those are our principles. and the world they live in, open things is better than closed things. bottom-up is better than top- down. to connect in their world -- obamacare didn't fail because, hey, they just didn't happen to do this right. it failed because of the same reason that other stuff fail. it is old. it is top-down. it is factory. our principles are always fresh and new ideas if we just become about them in ways that say, hey, our principles are good for more than just saying no. we have a way to better organize society, solve problems, open school system, where parents get to actually choose the best school for their kids and you go get trapped in a failing school. an open health care system. an opened economy where you don't have political top-down decisions. those are the kind of things that will work better for you. >> i want you to join in with what we are talking about here and the positive message and the constructive way forward to but also, if you can talk about the energy revolution. so many
but when we talk about an open economy, a bottom-up economy, those are our principles. and the world they live in, open things is better than closed things. bottom-up is better than top- down. to connect in their world -- obamacare didn't fail because, hey, they just didn't happen to do this right. it failed because of the same reason that other stuff fail. it is old. it is top-down. it is factory. our principles are always fresh and new ideas if we just become about them in ways that say, hey,...
SFGTV2: San Francisco Government Television
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Dec 4, 2013
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third this has big impacts on our economy. it will prove the transportation and health insurance this is a home to oakland. it will continue to serve as a place for folks on the other side of the bay. it's the toll payers who fund this. so we have to give our toll payers a round of sport for this measure (clapping) >> finally i'm so glad with the addition of bike and pedestrian lanes we're moving closer to an integrated mode of transportation that is good for our environment and community. so in closings thank you to everyone in our efforts and it's been eagerly awaited. i've been in the senate and the assembly n for 15 years so i've eagerly awaited this day. rest assured i'll continue to be an advocate in congress even in this is this tough environment for transportation infrastructure. i wish you the best of lick and a very happy labor day. thank you. again (clapping) >> knoll let me introduce our tremendous leader in the california state senate darryl stein beggar. >> good afternoon to leaders from the bay area. when i hear
third this has big impacts on our economy. it will prove the transportation and health insurance this is a home to oakland. it will continue to serve as a place for folks on the other side of the bay. it's the toll payers who fund this. so we have to give our toll payers a round of sport for this measure (clapping) >> finally i'm so glad with the addition of bike and pedestrian lanes we're moving closer to an integrated mode of transportation that is good for our environment and...
SFGTV2: San Francisco Government Television
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Dec 4, 2013
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when the original bridge opened folks paid a dollar thirty to cross it that's $22 in today's economy. so tell me how bad they had if in the authorizes o 30s pr that's the old bridge and the new bridge. we're in oakland and it's fitting and a proper the first elected official is the chief of oakland. jean acquainting is one of my bosses so i'm sure her remarks will be excellent (clapping) >> and so welcome to oakland. (clapping). >> you know when i became mayor, i said oakland is a city of dreams. it's been the city of dreams since the trans conditional railroad ended and thousand of cabinets would arrive every week. it's become the city of dreams base it's the place that immigrants can afford to live and one-hundred plus languages are spoken here. in many ways this bridge was a dream of some people. and like most things in oakland it has not been easy. we have very difficult political and economic and other hurdles h that when we ail come tooth are not the results beautiful. isn't it really beautiful? so he texted the other mayor of oakland governor brown today and said we're sorry yo
when the original bridge opened folks paid a dollar thirty to cross it that's $22 in today's economy. so tell me how bad they had if in the authorizes o 30s pr that's the old bridge and the new bridge. we're in oakland and it's fitting and a proper the first elected official is the chief of oakland. jean acquainting is one of my bosses so i'm sure her remarks will be excellent (clapping) >> and so welcome to oakland. (clapping). >> you know when i became mayor, i said oakland is a...
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fifteen euros in countries and large economies. in mathematics there is no surprise. singapore, hong kong, taiwan, south korea. yes. here we are. we are 26 on this list. thirty-four jurisdictions. in been reading a little bit of an improvement, shanghai, here we go again, ranking first followed by hong kong, singapore, south korea. the united states, a little better there. that is pretty good. it puts us in the middle. shanghai ranks first followed by sean -- hong kong. singapore and japan in science. the united states is better at science that we are math. anyway. the fact of the matter is we are 21st. there is no good news. i was trying to think away to makehat -- make you feel better about that, but it is not going to happen. hard to believe that american exception was and continues into the next generation with test results like these raising the question, does it? joining us now, a veteran political consultant, national rereview columnist, fox is legal analyst. we look at these numbers, and this is a count where we are now in the fifth year of his presidency. and
fifteen euros in countries and large economies. in mathematics there is no surprise. singapore, hong kong, taiwan, south korea. yes. here we are. we are 26 on this list. thirty-four jurisdictions. in been reading a little bit of an improvement, shanghai, here we go again, ranking first followed by hong kong, singapore, south korea. the united states, a little better there. that is pretty good. it puts us in the middle. shanghai ranks first followed by sean -- hong kong. singapore and japan in...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energefficiency could help americans save $300 billion each year. take the energy quiz. energy lis here. mm. mm-hmm. [ enne revs ] ♪ [ male announcer ] oh what. get the mercedes-ben your wish list at the winter event going on now -- but hurry, the offers end december 31st. [ sant] ho, ho, ho! [ male announcer ] lease the 2014 glk350 f $419 a month at your local mercedes-benz dealer. be one so, you had with a? relax, at the way we are going, they might become a thing of the past. welcome, everyone, i am neil ca
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the...
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Dec 10, 2013
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as the economy improves, they will be competing with other obstacles, hedging the improving economy based on their portfolio that they have now. >> cast your eyes into the future. we are being told that the volker rule will not be enforced for another year. the president announced it back in january of 2010 and banks have been responding since then, suspending their prop trading desks. in 2015 how different are things going to be from the way they 2009?n >> first and foremost, metrics will matter. that is the only way that regulators are going to be able to distinguish prop trading from market making to tying hedging to specific and identifiable risks. banks are already comfortable measuring risks on a daily basis , now they are really going to have to step up their measurements of inventory, because that matters in determining market making from prop trading and turnover of inventory as well. these metrics will determine how forcibly the enforcement will follow. hard to findo be baselines right now, there is still an element of prop trading in all banking activities, so finding a baselin
as the economy improves, they will be competing with other obstacles, hedging the improving economy based on their portfolio that they have now. >> cast your eyes into the future. we are being told that the volker rule will not be enforced for another year. the president announced it back in january of 2010 and banks have been responding since then, suspending their prop trading desks. in 2015 how different are things going to be from the way they 2009?n >> first and foremost,...
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>> auto makers symbol of detroit's economy sold more cars than expected in november. but can the pace of sales continue into the new year? >> and falling behind, american students are lagging other nations in reading, math and science. what changes need to be made to ensure future generations can
>> auto makers symbol of detroit's economy sold more cars than expected in november. but can the pace of sales continue into the new year? >> and falling behind, american students are lagging other nations in reading, math and science. what changes need to be made to ensure future generations can
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. >> reporter: it's part of a grim larger picture of the economy. >> they are bad jobs, most of them. the jobs that are coming back pay less than the jobs we lost in the great recession. we have a growing army of low- wageworkers. >> reporter: but the story did not start with the recession. it goes back decades. >> starvation of wages and decline, in fact of many people's wage, has been going on since the late 1970s. we didn't really recognize that. >> reporter: instead americans found different ways to cope. in the '70s and '80s, huge numbers of women entered the workplace, partly to boost their family income. in the '90s, americans found themselves working longer hours. when they didn't work, people used their homes as piggy banks or backed out their credit cards. >> and now all of the coping mechanisms are exhausted. people have to face the fact that wages are going nowhere. >> reporter: that hurt the any for all of us. >> if they don't get paid more, they can't turn around and buy stuff. >> reporter: the cost that employers will not cover, that's picked up by you. >> rest of us su
. >> reporter: it's part of a grim larger picture of the economy. >> they are bad jobs, most of them. the jobs that are coming back pay less than the jobs we lost in the great recession. we have a growing army of low- wageworkers. >> reporter: but the story did not start with the recession. it goes back decades. >> starvation of wages and decline, in fact of many people's wage, has been going on since the late 1970s. we didn't really recognize that. >> reporter:...
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independent all party think tank he says ukraine has to look east to save its faltering economy. the way forward is to look at the cold hard economic facts such as ask the question where does most of the ukraine's exports go to the answer is the vast majority of ukrainian exports go towards washington the c.i.s. states therefore ukraine should really see that trade deal costumes you need everybody on the same to have to follow but they have the european union's fault that's one aspect another aspect is if they were to sign a deal with the you in union what would be the effect on the economy it would mean adopting european union regular ations with very little influence over them what would be the effect of that effect would be to make the economy far more on competitive it would mean factories closing down it would mean unemployment you've been unit has changed history high levels of unemployment because of its economic policies particularly its excessive regulation just look at the economic facts leave the motion to one side and on series clear that deal between the ukraine and
independent all party think tank he says ukraine has to look east to save its faltering economy. the way forward is to look at the cold hard economic facts such as ask the question where does most of the ukraine's exports go to the answer is the vast majority of ukrainian exports go towards washington the c.i.s. states therefore ukraine should really see that trade deal costumes you need everybody on the same to have to follow but they have the european union's fault that's one aspect another...
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economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market was so happy, it wasn't quite good enough to make it a sure thing there would be a taper in the next meeting but again it indicates a strength that may keep that purchasing power going on the part of the consumer, right? >> well, 200,000 jobs, it's dead on the three-month average, david. it's just above the 12-month average. if you look at the three-year average, that is 190,000. so we're right in there. continued moderate growth. that's good but the fed is looking for more than just payroll growth. they want to see inflation stabliz
economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market...
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Dec 4, 2013
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and the growth in the economy will take care of all the problems that stan is worried about. >> okay, so, a, it won't take care of all the problems i'm talking about. b, i'm very sympathetic -- >> rose: i'm simplifying that a little bit. >> i'm sympathetic to what larry is saying, who i consider a friend. i hate to get too number-y here, stock? so 40 years ago -- and this is an argument larry would be very sympathetic to. 40 years ago we spent 32% of federal outlays on investment, government investment. that would include things like infrastructure, education, r&d. >> rose: science exploration. >> rose: and we spent about 30% on transfer payments to the elderly. >> we now spend 68% on transfer payments but investments are down to 15%. so i think to larry's point, what did we get out of the investment? well, we got the internet. we got g.p.s., we got the human genome. >> rose: so that's where you agree with him. >> i totally agree. and if you look at the sequester -- >> rose: that the investments are worthwhile and important and crucial to our future. >> yes, but we are cutting the in
and the growth in the economy will take care of all the problems that stan is worried about. >> okay, so, a, it won't take care of all the problems i'm talking about. b, i'm very sympathetic -- >> rose: i'm simplifying that a little bit. >> i'm sympathetic to what larry is saying, who i consider a friend. i hate to get too number-y here, stock? so 40 years ago -- and this is an argument larry would be very sympathetic to. 40 years ago we spent 32% of federal outlays on...
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Dec 3, 2013
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>> the president's health care law continues to wreak havoc on families, small businesses and economy. it's not just a broken website. this bill is fundamentally flawed. >> our republican colleagues have focused so much attention, in fact, obsessed in killing the affordable care act they failed to focus on real needs of americans. >> smashing the speed limit. investigators say derailed commuter train traveling three times the legal speed heading into that dangerous curve 82 miles an hour. still unknown was the crash that killed four passengers caused by mechanical failure or operator error. >> for the train to be going 82 miles an hour around that curve is just a
>> the president's health care law continues to wreak havoc on families, small businesses and economy. it's not just a broken website. this bill is fundamentally flawed. >> our republican colleagues have focused so much attention, in fact, obsessed in killing the affordable care act they failed to focus on real needs of americans. >> smashing the speed limit. investigators say derailed commuter train traveling three times the legal speed heading into that dangerous curve 82...
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Dec 2, 2013
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a recent study concluded raising the minimum wage to $10.10 an hour would boost the economy. we're talking about the effects it would have for everybody. it would increase the wages of 30 million workers, it would create 140,000 jobs in the next few years, and increase economic output by $32 billion. >> wow. wow. and we talked so much about trickle down, how about a little trickle up? people living paycheck to paycheck they spend that money. they buy goods and services. where then more people need to be employed. i would argue that not only is there no negative impact on the budget, a lot of the folks that are working full-time in fast food, in places like walmart, they are still even though they're working, not able to support themselves and their families. so taxpayers have to shell out the money for s.n.a.p., for welfare for folks to be able to get by even though they are working by and doing everything they can. so by having an artificially low minimum wage, we are essentially as taxpayers providing corporate subsidies. >> you know, jared, when you look at the republicans
a recent study concluded raising the minimum wage to $10.10 an hour would boost the economy. we're talking about the effects it would have for everybody. it would increase the wages of 30 million workers, it would create 140,000 jobs in the next few years, and increase economic output by $32 billion. >> wow. wow. and we talked so much about trickle down, how about a little trickle up? people living paycheck to paycheck they spend that money. they buy goods and services. where then more...
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Dec 6, 2013
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the country's economy collapse. the anti-apartment movement it momentumked up abroad and nelson mandela became its symbol. mandela was eventually innsferred to another prison 1988 when he initiated secret negotiations with the government. in 1990, the ban on the anc was lifted. that year he walked out a free man. mandela was elected president of the anc in 1991. he continued to negotiate with president f.w. de klerk to seek an end to the country's racist laws. both men were awarded the nobel peace prize in 1993. >> we can stop the forward movement of these forces in the country. inapartheid came to an end 1994 when black south africans were allowed to vote for the first time in the country's history. the anc won the harlem in three elections and nelson mandela was elected president of south africa. >> i stand before you filled with pride and joy. pride in the people of the country. determination -- enjoy that which you can loudly proclaim from the rooftops -- free at last. >> in june of 1999 after one presidential t
the country's economy collapse. the anti-apartment movement it momentumked up abroad and nelson mandela became its symbol. mandela was eventually innsferred to another prison 1988 when he initiated secret negotiations with the government. in 1990, the ban on the anc was lifted. that year he walked out a free man. mandela was elected president of the anc in 1991. he continued to negotiate with president f.w. de klerk to seek an end to the country's racist laws. both men were awarded the nobel...
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Dec 5, 2013
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the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at low wage work. so you don't have the demand that would spark business investment. >> and the president today i think was making this very practical case, which was interesting, he kept saying it is not ideological, this is actually the thing that is not working. i think that pragmatic argument has been a rising argument in the last few years. >> oh, no, there has been speculation on the right wing, the left wing, the data is out, it is correlated with sluggish growth. that some of the most equal societies in the world actually have the highest economic growth and the more emphasis on education. we taught the nat
the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at...
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Dec 5, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> president obama will be joining me on the "hardball" college tour tomorrow. and if you have any questions for him, just go to the "hardball" page on msnbc.com. smi submit your proposed question on the comment section. and we'll be right back. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >>> if you still don't like obama care, and i know you don't
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> president obama will be joining me on the "hardball" college tour tomorrow. and if you have any questions for him, just go to the...
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Dec 5, 2013
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KRON
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of a improving economy? >> i guess so. we are seeing their up by 20 percent. and go out and buy you a christmas tree. other parts of retell are not working well, apparels are not doing well. home depot is going fine. >> ford motor co. seems to be alive and well. this is a great example, the new ford mustang is being unveiled. >> i am not a car enthusiast. when this car first came off the beatles were just getting popular. kodak was introducing family. it is a iconic product for ford pripe. with tht being said 27 percent of buyers are on women. >> and let's talk about the fast food to debate. there is a big debate across were zero hundred cities have workers the are going on strike because that one better wages. there was a big argument about whether or not the living wages the muff and whether or not it could be done. >> we're talking on skilled, under educated people. we are talking about a debate where you have mcdonald's pay them but is the franchisee. mcdonald's did make a lot a money is so that is the c
of a improving economy? >> i guess so. we are seeing their up by 20 percent. and go out and buy you a christmas tree. other parts of retell are not working well, apparels are not doing well. home depot is going fine. >> ford motor co. seems to be alive and well. this is a great example, the new ford mustang is being unveiled. >> i am not a car enthusiast. when this car first came off the beatles were just getting popular. kodak was introducing family. it is a iconic product...
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Dec 6, 2013
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an economy jobs report, wall street can dance. hiring is up and so is stocks. we will go inside ebay today and find out how the auction site ashley is all it top talent. politics? budget? d-day is upon us and congress does not know if they will be able to make the deadline. wet is next week. in sports, are told about the nike deal. an exclusive interview. finally, bottoms up. we will learn how to taste a $2000 bottle of whiskey. let's get to the economy in the november jobs report. new jobs, 200-3000 knitted. the unemployment rate is down to a five-year low. >> this month came in at 7.023%. point/10 of a percentage below a six handle. the fed has been talking about exploit five percent and that is their threshold. we are getting awfully close to will not only spark taper talk but also a lot people out there that the job market is getting better. if they see in december we fall to a six percent number. so a jobs report that causes the fed to taper talk a little sooner. you might think that would freak out wall street. not the case. stocks are rising today. it is
an economy jobs report, wall street can dance. hiring is up and so is stocks. we will go inside ebay today and find out how the auction site ashley is all it top talent. politics? budget? d-day is upon us and congress does not know if they will be able to make the deadline. wet is next week. in sports, are told about the nike deal. an exclusive interview. finally, bottoms up. we will learn how to taste a $2000 bottle of whiskey. let's get to the economy in the november jobs report. new jobs,...
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Dec 2, 2013
12/13
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authorities fear the protests could damage the nation's economy, particularly its $6 billion a year tourism industry. >>> it was a day of mourning in scotland today, a day after a police helicopter crashed into a pub, killing at least eight people. our british partner itv reports from glasgow. >> across scotland, people paid their respects today. a minute silence was held before the scottish cup match with celtic. ♪ and a special service was held at glasgow cathedral, just a few hundred yards from the street of the cash. the police chaplain has been supporting bereaved officers and those who have worked long, difficult hours here. >> we have seen the courage of glasgow. we've seen the sadness. and then we'll see that drive and that passion and that life and that humor come back to the force. >> with all real hope of rescue now gone, a recovery operation is underway at the bar in glasgow. piece by careful piece, the wreckage of the police helicopter is being removed, but it's a delicate process. much of the building has collapsed and bodies still lie inside. bandaged and bruised, gary was
authorities fear the protests could damage the nation's economy, particularly its $6 billion a year tourism industry. >>> it was a day of mourning in scotland today, a day after a police helicopter crashed into a pub, killing at least eight people. our british partner itv reports from glasgow. >> across scotland, people paid their respects today. a minute silence was held before the scottish cup match with celtic. ♪ and a special service was held at glasgow cathedral, just a...
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Dec 6, 2013
12/13
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CNBC
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south africa had the economy, has the economy that is the greatest economic engine on the african continent and nelson n mandela did not dismantle that economy, he did not force the kind of redistribution of wealth at a pace in which his supporters wanted it to happen, he said now it's time for us to build, not to function as a revolution anymore. >> thanks, john harwood. we appreciate it. now, we are joined on the phone by robert johnson, who is a cnbc contributor, founder of the rlj and former chairman of b.e.t., old friend of mine. robert, you met nelson mandela many times, okay. how many times did you meet him, what are your thoughts tonight as he passes away? >> yeah, i had the great and humbling pleasure of meeting president mandela on a number of occasions, first with the former commerce secretary, late ron brown, and then i also accompanied president clinton on his historic trip to sub-saharan africa and of course when president mandela came to the united states seeking to raise funds to continue to fight apartheid and support his charities. the one thing, larry, that strikes me abo
south africa had the economy, has the economy that is the greatest economic engine on the african continent and nelson n mandela did not dismantle that economy, he did not force the kind of redistribution of wealth at a pace in which his supporters wanted it to happen, he said now it's time for us to build, not to function as a revolution anymore. >> thanks, john harwood. we appreciate it. now, we are joined on the phone by robert johnson, who is a cnbc contributor, founder of the rlj and...
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Dec 6, 2013
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they've been stimulating the economy since 2008. and we're talking trillions of dollars. and people are wondering when are they going to start pulling back ton the stimulus? but a lot hangs on these job growth numbers. >> the 401(k) is in great shape right now. it's been a good year. >> yes, it has. >> just ahead, of course, the big story of the day, the man, the legend and myth. we're going to look back at nelson mandela's life and talk about his revolution. and maybe a couple of things that might really surprise you about a man you think you know a lot about. ♪ [ male announcer ] alka-seltzer plus presents the cold truth. [ sniffles, coughs ] shhhh! shhhh. [ coughs ] i have a cold with this annoying runny nose. [ sniffles ] i better take something. [ male announcer ] truth is, dayquil cold and flu doesn't treat all that. it doesn't? [ male announcer ] nope. [ sniffles ] alka-seltzer plus fights your worst cold symptoms plus has a fast acting antihistamine to relieve your runny nose. oh, what a relief it is! [ man ] shhhh! for fa
they've been stimulating the economy since 2008. and we're talking trillions of dollars. and people are wondering when are they going to start pulling back ton the stimulus? but a lot hangs on these job growth numbers. >> the 401(k) is in great shape right now. it's been a good year. >> yes, it has. >> just ahead, of course, the big story of the day, the man, the legend and myth. we're going to look back at nelson mandela's life and talk about his revolution. and maybe a...
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Dec 5, 2013
12/13
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but the economy is better. >> and the economy is better. i agree with you on that. >> you're not taking my trade? you're not taking my trade. >> i'm taking your trade -- >> 10 bucks of qe you give me a dollar a growth. >> and i'll throw one more angle at that. >> you finance it and give me a year, and i'm with it. >> why is profitability the only thing that matters? what if we actually get global economic growth as qe is tapering off. what if we get sales growth? remember that? what if not everything was about buybacks and dividends, but actually people got excited about wages going up, better employment. >> from your lips to god's ears. >> i'm not saying it's in the bag. i'm saying that it is a possibility. it shouldn't be completely ruled out when you have every central bank on earth throwing as many dollars as they can into the system, don't be shocked if wages tick up and if people start to spend more money. it's entirely possible. >> steve, we'll be watching closely tomorrow morning. we'll see what happens, especially on the heels of t
but the economy is better. >> and the economy is better. i agree with you on that. >> you're not taking my trade? you're not taking my trade. >> i'm taking your trade -- >> 10 bucks of qe you give me a dollar a growth. >> and i'll throw one more angle at that. >> you finance it and give me a year, and i'm with it. >> why is profitability the only thing that matters? what if we actually get global economic growth as qe is tapering off. what if we get...
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Dec 5, 2013
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economy. we believe, like many that the economy could have slid into depression. jenna: do you think consumers come to you because of that? >> oh, my gosh. they're so proud of ford, not only did we invest in new cars and trucks they wanted value and did it our way and didn't take precious taxpayer money. jenna: you have a lot of respect in industry overall. i don't like to go into gossip. i have to ask you about reports. i love talking about cars and don't necessarily like talking about computers. some folks say you might be next ceo microsoft. is that true. >> i absolutely love serving ford. i have no change in my plans. jenna: maybe for now. tell us if you do. >> i look forward to see with you another new car. jenna: meantime i'm surprisessed jon is still on set. he is looking over to figure out how to get a test drive of the new ford mustang. thanks for bringing us that car. >> absolutely. jenna: jon, do you have something to ask? jon: cars are a lot sexier than computers. if i were him keep the job. >> the pony has been let out of the corral worldwide. jenna:
economy. we believe, like many that the economy could have slid into depression. jenna: do you think consumers come to you because of that? >> oh, my gosh. they're so proud of ford, not only did we invest in new cars and trucks they wanted value and did it our way and didn't take precious taxpayer money. jenna: you have a lot of respect in industry overall. i don't like to go into gossip. i have to ask you about reports. i love talking about cars and don't necessarily like talking about...
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Dec 7, 2013
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economies in the u.s. and u.k. improved. and those were, you know, big leaders. >> woodruff: but maybe it wasn't mont to last. >> maybe it wasn't meant to last but just one political historical note. the united states under ronald reagan's leadership was of no help. no help. ronald reagan had a blind spot. he saw the world through the narrow tunnel prism of anti-communism. and when the united states just outraged by apartheid and where the majority of the republican senate passed sanctions, ronald reagan vetoed them against the apartheid regime. and his veto was overridden in the senate and in the house, overwhelmingly, with, i mean people like john warner, dan quayle, the senator from indiana, john stennis, lock time democratic segregationist from mississippi. all voting to overturn. and it was really a time of moral obtuseness on the part of the leadership. >> mark's absolutely right about that. and it was a blind-- a black mark on the reagan administration. i was in south africa i used to ask people, how much do the sanct
economies in the u.s. and u.k. improved. and those were, you know, big leaders. >> woodruff: but maybe it wasn't mont to last. >> maybe it wasn't meant to last but just one political historical note. the united states under ronald reagan's leadership was of no help. no help. ronald reagan had a blind spot. he saw the world through the narrow tunnel prism of anti-communism. and when the united states just outraged by apartheid and where the majority of the republican senate passed...
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Dec 10, 2013
12/13
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FBC
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and the economy would not either for that matter. but on the other hand, earnings growth has been strong since the bottom of 2009. the stock markets are up, earnings are up more than 150%. so i think that earnings are the main reason that the stock market is up. but that has been a help. and i think that they are anxious, as you have pointed out, virtually all of the governors to get those tapering process started so we can move on. but i think that they will only do it if we have respectable news on the fundamental side. so i think that i can kind of when both sides, if you will. gerri: for americans, the real concerns about the economy and jobs and we know that the labor participation rate has been under 64% for 23 months, a lot of people still looking and not finding the jobs that they really want. we can't couple of good data points. and when you look at growth, we had one good gdp report. that is not a trend, that's just one good report. a lot of the americans are questioning how strong this economy is and isn't going to put foo
and the economy would not either for that matter. but on the other hand, earnings growth has been strong since the bottom of 2009. the stock markets are up, earnings are up more than 150%. so i think that earnings are the main reason that the stock market is up. but that has been a help. and i think that they are anxious, as you have pointed out, virtually all of the governors to get those tapering process started so we can move on. but i think that they will only do it if we have respectable...
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Dec 5, 2013
12/13
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CSPAN
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the constraint holds our economy back. it seemed like charlie brown and the football, but our reporters tell us that there is going to be a budget deal this time. [laughter] ryan, patty murray -- they are going to reach some sort of small deal so that reporters and lawmakers in budget directors are not working on new year's eve again. have you been briefed on the murray-ryan conversations? we submit a budget and then they act -- and then congress acts on it. we are excited and happy to be at this point. we are supportive of the process. what the administration can best do to get the ball over the line is be supportive of the process. the supportive of the effort that ms. mari and mr. ryan are doing -- mr. murray -- ms. mu rray and mr. ryan are doing. that is what we're doing. the entire process began before i came back to the office of management and budget. being specifics are worked out. it is pretty clear the gist of this deal. we're going to set some spending so we can have regular order, to change some of the sequeste
the constraint holds our economy back. it seemed like charlie brown and the football, but our reporters tell us that there is going to be a budget deal this time. [laughter] ryan, patty murray -- they are going to reach some sort of small deal so that reporters and lawmakers in budget directors are not working on new year's eve again. have you been briefed on the murray-ryan conversations? we submit a budget and then they act -- and then congress acts on it. we are excited and happy to be at...
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Dec 3, 2013
12/13
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you live in a european society or the post-soviet economy. nothing injunctions. >> pavlo, the generational sense, is there a sense in chicago, is there any distinction, is it really just about the economics and the future or does this harken back in a sense in your community to having that feeling that look, we let moscow control things for a generation, now we want to move to the west, we want to be thought of in a western democratized way? >> well, unfortunately controlled by russia and moscow in particular, has been more than a generation or two. our fates have intertwined for well over 400 years when there's bem domination by russia and certain attempts by the ukrainian nation to revolt against it. what we're seeing today is the most recent revolt against the policies of the kremlin. they are happening osh the streets of kiev, on the streets of chicago, on the streets of new york as well in solidarity for what's happening back in our home land. >> why is there not more attention paid in the united states to this particular conflict? >> as
you live in a european society or the post-soviet economy. nothing injunctions. >> pavlo, the generational sense, is there a sense in chicago, is there any distinction, is it really just about the economics and the future or does this harken back in a sense in your community to having that feeling that look, we let moscow control things for a generation, now we want to move to the west, we want to be thought of in a western democratized way? >> well, unfortunately controlled by...
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Dec 8, 2013
12/13
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obama's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations like he unfortunately chose to do isn't constructive. i wish folks like him would step back, listen and engage in dialogue and understand the other side's point of view. when you here talk like his, it is evident he is watching fox news and gets the information mostly from right-wing conservative sources and isn't open to other points of view. and that is why i wrote the book. hopefully someone finds a way to see we have to try to work together and not dig in so hard and accept everything we hear from one side or another. >> putting on your political hat for a moment. the rollout of the health care website: has i
obama's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations...
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Dec 6, 2013
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KRON
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economy. finally we are starting to see it accelerate. they hit a five- year low dropping from 7.3 to 7%. there were a lot of jobs that were created and month of november and the october numbers or revised. the good news is that dow futures are rebound in bread dow futures are now up 144. look for a big jump on wall street. >> our top story. day three of freezing temperatures in the bay area. >> take a look, we are still setting stringent conditions. the scene sampras's go is at 43 degrees but that may not seem cold but we have actually tied an old record set 104 years ago. it hasn't been this cold and over a century. it is very chilly conditions but we will continue with this cool down. we will have impossibility of rain pripet will see it spread we are saying 20's and--38 degrees in daly city and san francisco was a 40 degrees. we are tracking a call from the combined rain, snow to the area i will break down that portion of the forecast coming up. >> let's go outside to kron four's yoli aceves. she's in livermore this morning, yoli? >>
economy. finally we are starting to see it accelerate. they hit a five- year low dropping from 7.3 to 7%. there were a lot of jobs that were created and month of november and the october numbers or revised. the good news is that dow futures are rebound in bread dow futures are now up 144. look for a big jump on wall street. >> our top story. day three of freezing temperatures in the bay area. >> take a look, we are still setting stringent conditions. the scene sampras's go is at 43...
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talk to jeffrey summers knows joining us live in a studio he's an associate professor of political economy public policy at the university of wisconsin milwaukee thank you so much for being with us tonight we've heard so many times over the last two weeks that the e.u. is really good news for ukraine not so much talk though that's in the long term not so much talk about the big golden through the ukrainians in the short to join it is that that's not so widely publicized what would it be like well it's been quite painful in some regards of course i mean we have to wonder what is going to happen with social expenditures with pensions and other similar kinds of social programs the cuts that could be forthcoming could be quite severe and of course they would be dealt to a population which is already very much at risk and really can't afford to have much more in the way of any kinds of cuts to their already just barely existing other hundreds of thousands of american streets over the last couple of weeks fully aware of that has the full picture been paid to the pros on the coals i don't think s
talk to jeffrey summers knows joining us live in a studio he's an associate professor of political economy public policy at the university of wisconsin milwaukee thank you so much for being with us tonight we've heard so many times over the last two weeks that the e.u. is really good news for ukraine not so much talk though that's in the long term not so much talk about the big golden through the ukrainians in the short to join it is that that's not so widely publicized what would it be like...
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Dec 4, 2013
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it's not it's the economy,
it's not it's the economy,
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Dec 10, 2013
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the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles for a while now, thank you so much for joining me. appreciate it. >> thank you. >> joining me now, heda bruche with the washington center for equitable growth, housed at the center for american progress, a progressive think tank. heather, can we start basic here? what is unemployment insurance and why do we have it? >> thanks for asking, chris. that's a great question. unemployment insurance are benefits there when somebody loses their job through no fault of their own. it's benefits that are supposed to help them make ends meet while they search for a new job, and critically, these be
the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles...
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Dec 4, 2013
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economies say falling prices helped fuel the increase. more encouraging data, 215,000 jobs were created in november thanks to big games and manufacturing and construction. the report came just ahead of the important labor department numbers friday. >>> all these positive numbers not tran translating into gainse oh dow is found 65 points. >>> it's the most wonderful time of the year. coming up, new yorkers get ready to light up the rockefeller christmas tree. tÑ >> welcome back to al jazeera america. i'm stephanie sy. here are today's headlines. we update you on our breaking news out of florida. an opportunity was shot outside of orlando. the police are still searching for the gunmen. a school sports person said that the student was taken to the hospital in critical condition. >> obama: a dangerous and growing inequality in lack of upward mobility which has jeopardized america's basic dreamic you can work hard you can get ahead. >> the president said income inequality threatens the middle class and congress must make the economy work for
economies say falling prices helped fuel the increase. more encouraging data, 215,000 jobs were created in november thanks to big games and manufacturing and construction. the report came just ahead of the important labor department numbers friday. >>> all these positive numbers not tran translating into gainse oh dow is found 65 points. >>> it's the most wonderful time of the year. coming up, new yorkers get ready to light up the rockefeller christmas tree. tÑ >>...
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Dec 10, 2013
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wrestle mania expected to bring about $100 million in the local economy in the spring of 2015. levi stayed wrum is also being considered as a host location for college football's national championship game in 2017. of course, already had a super bowl in 2016. >>> san francisco giants pitcher matt cain wants to do his part to help the next bat kid make good on a dream. >> he and his wife pledged a $15,000 matching grant and challenge to the make a wish foundation. the foundation transformed san francisco into gotham city last month to help make 5-year-old miles scott's wish come true. under the challenge they will give the organize the money once the bay area executive director raises the same amount. >>> still to come, we're following breaking news in oakland. an underground pipeline catches fire. an update coming up after the break. [ female announcer ] for those who love sweets your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples for homemade. you need safeway sugar for just a buck eighty-eight. and that magic thi
wrestle mania expected to bring about $100 million in the local economy in the spring of 2015. levi stayed wrum is also being considered as a host location for college football's national championship game in 2017. of course, already had a super bowl in 2016. >>> san francisco giants pitcher matt cain wants to do his part to help the next bat kid make good on a dream. >> he and his wife pledged a $15,000 matching grant and challenge to the make a wish foundation. the foundation...
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Dec 8, 2013
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maybe 'cuz its got the power and the fuel economy of an ecoboost engine. it doesn't matter what they're doin' on the other side of that fence. more guys count on f-150 than any other truck. shovels down. this is the ford f-150. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ like the enticing aroma and distinctive taste of nespresso. elegant capsules meet masterfully crafted machines, and one touch creates the perfect coffee, cappuccino, and latte. ♪ tempt all your senses with one extraordinary coffee. [ penélope cruz ] nespresso. what else? [ male announcer ] discover the world of nespresso at bloomingdale's, chevy chase and nespresso-us.com. avo: thesales event "sis back. drive" [ male announcer ] discover the world of nespresso
maybe 'cuz its got the power and the fuel economy of an ecoboost engine. it doesn't matter what they're doin' on the other side of that fence. more guys count on f-150 than any other truck. shovels down. this is the ford f-150. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is...
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Dec 5, 2013
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wage increase and they spend that money and put it right back into the economy. those are the workers that eat at the establishments they work at. you might think of walmart wokkers buying more goods at walmart so this is a form of economic stimulus, but aside from the economic argument, chris, when half of all american workers make $27,000 or less that is unsustainable for our economy. it's unsustainable for creating a broad, middle class and it's a moral issue as well as an economic issue. >> kendall who is organizing this today was on my program a couple of days ago and he talked about the fact that it was a moral imperative and we heard about it yesterday who was facing a loss of pension, but he sees these issues in those same kind of moral terms and here's something else that kendall fell said to me earlier this week. >> the thing is they work for some of the richest corporations in the world. mcdonald's made about $5.5 billion in profit and that's after they pay all of the bills and pay all of the salaries and these workers, a lot of them are living in home
wage increase and they spend that money and put it right back into the economy. those are the workers that eat at the establishments they work at. you might think of walmart wokkers buying more goods at walmart so this is a form of economic stimulus, but aside from the economic argument, chris, when half of all american workers make $27,000 or less that is unsustainable for our economy. it's unsustainable for creating a broad, middle class and it's a moral issue as well as an economic issue....
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Dec 5, 2013
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economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the reason for this is seeing a bigger boost in inventories, bigger buildup in inventorie inventories. you'll see consumer spending is weak. but if you remove inventories from the data, gdp third quarter actually would have come in at 1.9%. not necessarily that impressive. how far, the headline number's getting stronger. if you compare it to what we've seen this year, the first three months of the year, 1.1%, last quarter 2.5%, and also this number is certainly in line with stronger economic reports we've seen just this week from the car industry, and also housing and jobless claims as well. >> very encou
economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the...
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Dec 5, 2013
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> welcome back to "new day" on this thursday. i want to bring you the latest on the latest headlines. a powerful arctic blast is set to deliver its next punch, a snow and ice storm expected to stretch from the southern plains to the ohio valley. more snow also falling in the rockies but at a bit of a slower pace and snow continues to fall in the upper midwest. in minnesota, the storm is being blamed for nearly 500 car crashes statewide on wednesday alone. >>> actor paul walker may have survived the initial impact of saturday's fatal crash, autopsy results suggest the "fast & furious" star died from a combinati
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> welcome back to...
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Dec 5, 2013
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KPIX
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salaries have to be based on the economy and what the economy in the area can bear. >> the national restaurant association says walk-outs like those planned for today are stunts staged by union-paid protesters and most industry employees are happy. >> we have plenty of opportunities for people to come in part time few hours and prove themselves and move up the ladder. >> reporter: but workers believe the fight for higher wages is the best opportunity for a better life. she plans to join the strike today and is not giving up on her $15 goal. >> when you sfit for something and you believe in it you're going to get it. >> reporter: nancy said she was paid to protest earlier this year but said organizers provided her that money to make up for a lost day of work. charlie, norah, gayle. >> terrell brown, thank you. >>> the white house sure goes all out for the holidays. first lady michelle obama unveiled the annual christmas decorations on wednesday and welcomed the children of military families for the party. the first family's newest edition, their dog sonny stole the spotlight. major garrett is a
salaries have to be based on the economy and what the economy in the area can bear. >> the national restaurant association says walk-outs like those planned for today are stunts staged by union-paid protesters and most industry employees are happy. >> we have plenty of opportunities for people to come in part time few hours and prove themselves and move up the ladder. >> reporter: but workers believe the fight for higher wages is the best opportunity for a better life. she...
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Dec 4, 2013
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CNNW
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but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight. so who is right? does the american public get money back? >> the american public has gotten all but about $10 billion back from gm. lost about $1.3 billion on chrysler. ford never took the bailout. be very clear. ford never took the bailout, it was in a better position at the beginning of the financial crisis. but the u.s. taxpayer lost money on those two bailouts of chrysler and gm. but let's be clear. they could have lost a lot more. so there is what they have lost, that is just gm, but a lot of people say, wow, that ended up being a pretty good investment. gm since 2010 has invested $8.8 billion of either own money into 34 facilities and saved or created 25,000 jobs they say. and you have basically the a
but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight. so who is right? does the american public get money back? >> the american public has gotten all but about $10 billion back from gm....
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Dec 9, 2013
12/13
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the car market is a lot stronger than the overall economy by a considerable margin. and there's a few reasons for that, one of which is the fact interest rates are low." nerad says that's in contrast to the recession years from '07 to '09 when manufacturing was down... which led to a shortage of used cars a couple years later. now that we're coming out of that... and the supply of used cars is more plentiful... nerad says it's more important than ever to find a vehicle with good resale value. he says toyota is the best overall brand in kelly blue book's 2014 best resale value awards. the car maker placed four trucks in the top ten... including the four runner. kelly blue book also named jeep wrangler and chevy camaro as two models distinct enough to earn a spot in the top ten. and nerad said lexus was crowned the luxury brand winner... for the third year in a row. automotive news reports that the industry had its strongest selling rate in more than six years in november... bumped a bit by black friday incentives. thank you diane-- sears is spinning off its lands end
the car market is a lot stronger than the overall economy by a considerable margin. and there's a few reasons for that, one of which is the fact interest rates are low." nerad says that's in contrast to the recession years from '07 to '09 when manufacturing was down... which led to a shortage of used cars a couple years later. now that we're coming out of that... and the supply of used cars is more plentiful... nerad says it's more important than ever to find a vehicle with good resale...
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Dec 10, 2013
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. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. congress number negotiators reached an agreement this evening on a budget deal. aides said it is a two year agreement that includes operations to replace automatic spending cuts with savings from future years. it also requires federal workers to contribute more to their pension. among other things. the agreement was worked out by budget committee chairs, democratic senator patty murray and republican congressman paul ryan. heads of state, celebrities and thousands of south africans gathered in johannesburg today to honor the life of nelson mandela. the crowd braved a rainstorm, singing songs and celebrating the life of south africa's first black president. president obama was one of many foreign leaders who made the trip. >
. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. congress number negotiators reached an agreement this evening on a budget deal. aides said it is a two year...
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Dec 9, 2013
12/13
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government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear from patty murray, i spoke to her the other night negotiations are making progress, moving in the right direction. >> congress has scheduled to begin its break this friday and not return until january the 7th. >>> well, a week after that deadly commuter train wreck in new york officials are upgrading signals. the new signals are expected to be up and running this morning. of course, four people were killed last sunday when a metro north train hit a stretch of track at nearly three times the speed limit. metro north now reducing the maximum speeds at 26 locations across the system. an attorney for the engineer op
government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear...